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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
USDJPY TECHS
- RES 4: 146.52 1.236 proj of the May 24 - Jul 14 - Aug 2 price swing
- RES 3: 145.28 2.618 proj of the Aug 2 - 8 - 11 price swing
- RES 2: 145.00 Round number resistance
- RES 1: 144.67 2.50 proj of the Aug 2 - 8 - 11 price swing
- PRICE: 144.04 @ 05:56 BST Sep 7
- SUP 1: 142.71 Intraday low
- SUP 2: 140.25./139.87 Low Sep 6 / Low Sep 2
- SUP 3: 138.86/03 Low Sep 1 / 20-day EMA
- SUP 4: 136.07 50-day EMA
USDJPY continues to appreciate and extend Tuesday’s break above the 142.00 handle. This reinforces the current bullish theme following last week’s resumption of the primary uptrend - former resistance at 139.39 has been cleared, the Jul 14 high. This week’s climb opens 144.67 next while further out, there is potential for a move towards 146.52. Both are Fibonacci projections. Initial firm trend support is at 138.03, the 20-day EMA.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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